"Twitter" is a sea of negativity. All I'm reading is how people have been let down by Gold "again".
Price is looking very strong to me. We are still early in this weekly cycle, lots of time for price to break through current soup and make decent ATH's way above Monday's.
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@sich8
In fairness Monday did have a lot of the characteristics of an ICH and in my twitter feed sentiment was running very hot.
I’m not convinced the ICH isn’t in already!
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@sich8
Agreed. Looks like a concerted effort to create a negative or false narrative around Gold as an asset. Cui bono?
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@sich8
Isn't that a massive bearish regular divergence in all oscillators? On a monthly isn't it telling us it may rally just to find a curve ball in the mid term? I'm just a rookie in these markets, asking for real, how do you choose between it has enough fuel upside vs divergence?
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@sich8
well they were all too positive last week, also they do not understand the Gold market Bullion will fight with all its power to keep it below 2100 ideally 2000. Crucial will be yearly and quarterly close the hype around a Nov ATH was too much. Also YE is a time FMs can not engage
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@sich8
That’s great. Metals will only take very few with them. Good to shake the tree progressively.
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@sich8
Now add M2 supply to this. We are way behind inflation. Gold would have to rally 50 percent just to catch up to inflation. Gold has failed us period
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@sich8
Hope it takes a few more days before it heads up again. Need to transfer funds/reposition.
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@sich8
I think that most of gold and mining investors is Bipolar.
Some day one person is very optimistic , and the next day he thinks gold is going to go down 30% ...
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@sich8
Obviously going down.... please stop dreaming and enter shorts while You can... it's gonna drop fast again! just look left
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@sich8
Positive for a good outlook longer term. But i don’t believe miners have capitulated yet.
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@sich8
Thanks Simon! People here are talking long term trends but freak out on every occasion. The uninversion of the yieldcurve takes time to really start and everything that follows as well ...
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